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Not all housing is equal

Last weekend I read Matt Yglesias's concise 76-page critique of housing policy, The Rent is Too Damn High. I agreed with pretty much everything he says, and I think everybody who's interested in these issues should read it. I want to pick up on a couple of the points Yglesias made, but then to go in a different direction. Yglesias is mostly talking about the average price of housing relative to average incomes, and that's important, but I want to talk about the distribution of housing prices: how and why some houses and apartments are more expensive than others, and what that means for access (and therefore for justice and equal opportunity), for society, and for our other goals: increasing efficiency and reducing carnage and pollution.
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